BAM Launches “Public Property Plus” Project to Expand Opportunities for Thais to Own Homes, Raising Price Ceiling to 5 Million Baht and Increasing Properties for Sale to Over 21,000 Items Nationwide

BAM has rolled out “Public Property Plus” project to build on the success of the “Public Property for Home of True Fighters” project, which aims to expand opportunities for Thai people to have homes of their own more easily by providing more options in terms of price, location, and buyer segment.   

Mrs. Tongurai Limpiti, Chairman of Bangkok Commercial Asset Management Plc. (BAM), revealed that, throughout the 27 years of business operation, BAM has performed the duty of managing the country’s distressed assets with a belief that the once idle assets, if properly managed, can be turned into assets of value and return to the economic system again, while enabling people to restart their financial life. 

Earlier, BAM launched the “Public Property for Home of True Fighters” to open up opportunities for the general public to have home of their own. However, there are limitations in access to credit facilities from financial institutions for certain groups, such as low-income earners, self-employed individuals, or those with uncertain income, to buy their own homes. Under the project, the Company’s NPAs were offered with revised conditions to cater to the target buyers. The project received positive responses, handing over more than 1,500 property items to the general public, covering residential units in the price range of around 100,000 baht - 3 million baht.

“For BAM, the project success is not measured by number of items sold, but by number of families having homes of their own and starting a new life with stability,” added Mrs. Tongurai.   

Dr. Rak Vorrakitpokatorn, BAM Chief Executive Officer, said that with the success of the project in that initial period, BAM has decided to carry on the success to “Public Property Plus” to facilitate people’s accessing and owning homes. The project is developed under the 3 Plus concept as below:

• Price Plus – Price ceiling of property for sale expanded from formerly not exceeding 3 million baht to not exceeding 5 million baht.
• Location Plus – Increase number of property items in diverse locations across the country, i.e., in central business districts and big cities like Chiang Mai, Khon Kaen, Chonburi, Surat Thani, and Phuket.
• Buyer Plus – Expand target groups to cover all Thai people regardless of what occupation, e.g., government officials, state-enterprise employees, and private-sector employees.  

Due to the revised conditions, there are altogether more than 21,000 property items worth over 32,000  million baht participating in the project.

The “Public Property Plus” project is available for people during 1 March – 30 December 2026 to select property items in diverse types, comprising single houses, townhouses, condominium units, commercial buildings, and empty land, each at the price not exceeding 5 million baht. Interested persons may reserve the item desired with a deposit of only 1,000 baht, buy their home by installment payment at the interest rates specified, i.e., 0% in the 1st year, 3% per annum in the 2nd-3rd years, and BAM MRR from the 4th year onward, and installment payment period of up to 20 years with the installment payment amount starting from only 500 baht per month.     

“The strength of the project is making home ownership more accessible. Buyers can choose either to make installment payment directly to BAM or to apply for home loans from BAM’s partner financial institutions as considered appropriate. The project is part of the Company’s endeavors dedicated to facilitate Thai people’s access to home ownership, particularly for uncertain income earners or those with limitation to get credit facilities from financial institutions. It is thus another way to help uplift the quality of life of people and bring new opportunities to Thai society,” added Dr. Rak.